Making Up For The Lost Decade

Zimbabwe's Prime Minister Morgan Tsvangirai has told the World Economic Forum at Davos that the country's economy shed more than half its value over the past decade. Under long-serving ZANU-PF leader Robert Mugabe's charge, ten successive years of heavy contraction between 1999 and 2008 - BMI estimates that nominal GDP sunk from US$5.7bn to US$3.2bn - decimated its fast-moving consumer goods (FMCG) industry and shattered its investment appeal. Coming off a strong 2009 where GDP strengthened by an estimated 4.59%, we reported that Zimbabwe's food and drink industry had finally started to turn the corner.

To read the full article, please choose one of the following options: